Trump Coin Plummets as Crypto Market Crashes Following Donald Trump's Inaugural Address

The cryptocurrency market experienced significant turbulence during Donald Trump‘s inaugural address on January 20, 2025. Notably, Bitcoin plummeted from its recent peak of $108,786 to approximately $102,000.

The cryptocurrency market experienced a downturn on January 20, 2025, following Donald Trump‘s inaugural address, largely due to the absence of any cryptocurrency-related announcements.

After reaching a recent peak of $108,786, Bitcoin took a hit, dropping to approximately $102,000. However, the market's immediate response exposed deeper anxieties, as several altcoins suffered losses, leading to a total cryptocurrency market cap decrease from over $3.85 trillion to about $3.6 trillion.

The event triggered significant liquidations of leveraged positions, resulting in a loss of $250 Billion being wiped out from the market.

The most dramatic declines were observed in politically affiliated tokens, such as $TRUMP and $MELANIA tokens, which experienced devastating drops of 20% and 32%, respectively.

The ripple effect spread throughout the broader cryptocurrency market, with many alt-coins following suit and experiencing double-digit percentage losses. Among them were Solana, Dogecoin, and Cardano.

Trump Coin, a meme coin created by Trump's camp, also saw a rapid sell-off after a surge in buying activity at launch. The token's price plummeted by 90%, dropping from an all-time high of $24 to as low as $2.4.

Despite the initial buying frenzy, which saw the token generate $12.5 million in fees within 24 hours of launch, the astronomical gains were short-lived.

The sell-off occurred as traders who had purchased tokens at a lower price during the launch began to sell their holdings for a profit. Meanwhile, a protocol fee of 0.2%, a dynamic fee of 1%, and a maximum fee of 10% were applied to each transaction.

According to Lookonchain, one major crypto whale purchased 860,895 TRUMP tokens for $12 million at an average price of $13.94.

Moreover, a wallet named “LeBron” exchanged $1 million USDC for 4.52 million TRUMP tokens within the first five minutes of launch, doubling its investment to over $2 million.

Another trader made headlines by turning $1.1 million into $70 million within four hours, selling 1.35 million TRUMP tokens for 3.65 million USDC and holding onto 4.62 million tokens valued at $67.5 million.

Meanwhile, a recent survey conducted by NFTEvening in partnership with Storible, with 1,017 Americans following the launch of the TRUMP memecoin, revealed mixed sentiment and adoption rates.

The data showed that 32% of Americans had invested in the TRUMP memecoin, with 27% of these investors reporting profitable positions and 21% of buyers being new to cryptocurrency investments altogether.